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president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washington. this is the worst of american politics. they put themselves and their political games first and put your future and prosperity second, but hey, you voted them into office. remember what happened the last time washington got into a budget battle like this? lawmakers put a band-aid on the problem and the u.s. lost its aaa crediting rating. i've warned you over and over about the economic storm headed
president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from...
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Dec 30, 2012
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barack obama won by three percentage points. this is a divided country. >> that does not absolve anyone of the business of getting this done. >> i agree. i want a resolution here. think actually there's room for i think there will be some kind of bargain in the next couple days or next few weeks then we move on to these bigger issues that you've been talking about. >> let us hope. >> one last point if i may. whether we improve these tax increases for the rich or not, is you know, you've said this yourself. we still have a trillion-dollar deficit. we've got a lot of work to do. >> we do have a lot of work to do all i ask is we get the work down. stephen moore, always a pleasure to talk to you. we'll be talking a lot in 2013. >>> coming up, the great tax debate that stephen was just talking about. does raising tax on the wealthy really hurt the economy? i'll give you an answer after this. >>> the biggest issue in all the fiscal cliff wrangling is taxes. it's not the most important issue, but it's the central one. grover norquist t
barack obama won by three percentage points. this is a divided country. >> that does not absolve anyone of the business of getting this done. >> i agree. i want a resolution here. think actually there's room for i think there will be some kind of bargain in the next couple days or next few weeks then we move on to these bigger issues that you've been talking about. >> let us hope. >> one last point if i may. whether we improve these tax increases for the rich or not, is...
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Dec 2, 2012
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all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. education, by the way, is a good one. i think republicans should be talking about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more in payroll taxes than they pay in income taxes. payroll taxes will go up at the end of the year. the payroll tax holiday will end. that's a big tax increase for everybody. 80% of americans pay more. and where is the republican plan to hold the line on those people's taxes? if taxes only mean the tax, the income tax portion of tax burden for four-fitz four fifths of the country, you're talking about something that doesn't matter that much. and in a democracy, you cannot be a successful party if you talk about things that don't matter that much to four fifths of the c
all they talked about was obama's policies aren't working. but if you ask americans today what are republicans for, they don't have a solution. education, by the way, is a good one. i think republicans should be talking about choice. charter schools, vouchers, anything that give minorities more opportunities. >> david? >> look, i'm in favor of the republicans being a low tax party. here's the danger. when republicans say taxes, they mean income taxes. 80% of americans now pay more...
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Dec 29, 2012
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this was an election, barack obama won by three percentage points. this is a divided country right now. it's not me and grover. >> it does not absolve anyone of the responsibility of getting the business of the nation done. >> i agree with that. i agree. i want a resolution here. and i think actually there's room for -- i think there will be some kind of bargain in the next couple days or next few weeks and then we move on to these bigger issues that you've been talking about, tax reform, et cetera. one last point if i may. whether we improve these tax increases for the rich or not, as you know, you've said, we still have a trillion-dollar deficit. we have a lot of work to do. >> we do. all i ask is that we get the work done. steven moore, always a pleasure. thank you. we'll talk to you a lot in 2013. >>> up next, the great tax debate that steven was just talking act. does raising tax on the wealthy really hurt the economy? i'll give you an answer. s. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. ar
this was an election, barack obama won by three percentage points. this is a divided country right now. it's not me and grover. >> it does not absolve anyone of the responsibility of getting the business of the nation done. >> i agree with that. i agree. i want a resolution here. and i think actually there's room for -- i think there will be some kind of bargain in the next couple days or next few weeks and then we move on to these bigger issues that you've been talking about, tax...
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gun violence has not been a priority for the obama administration as he ran for president in 2008, obama supported reinstating a ban on assault weapons. >> don't tell me we can't uphold the second amendment while keeping ak-47s out of the hands of criminals. >> reporter: once again being he did not make good on his campaign pledge. the brady committee to end gun violence gave the president f's across the board on the report card. congress, even in the democratic-controlled senate, there's been little appetite to touch the controversial issue. multiple gun control bills have been introduced. not a single one has made it to the floor for a vote. those involved in the debate over guns say the president has a number of options. reinstating some form of the assault weapons ban that expired in 1994. banning high-count magazines, or improving the reporting of people with mental health issues to make sure they're disqualified from purchasing firearms. polls show americans have become accustomed to daily reports of gun deaths. friday morning, a shooter killed a memphis police officer who was a mo
gun violence has not been a priority for the obama administration as he ran for president in 2008, obama supported reinstating a ban on assault weapons. >> don't tell me we can't uphold the second amendment while keeping ak-47s out of the hands of criminals. >> reporter: once again being he did not make good on his campaign pledge. the brady committee to end gun violence gave the president f's across the board on the report card. congress, even in the democratic-controlled senate,...
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president obama called that a nonstarter. so what happens if we do actually raise taxes a little bit? rates will be much lower than what americanss paid a generation ago. in 1980 the wealthiest americans paid 70% of their income to uncle sam. tax reform under reagan reduced that to 50% in 1981. closer to current levels in 1986. today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when
president obama called that a nonstarter. so what happens if we do actually raise taxes a little bit? rates will be much lower than what americanss paid a generation ago. in 1980 the wealthiest americans paid 70% of their income to uncle sam. tax reform under reagan reduced that to 50% in 1981. closer to current levels in 1986. today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we...
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Dec 22, 2012
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republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of pr
republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way....
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. >>> president obama promising to take what he calls meaningful action to prevent tragedies like this from happening again. brianna keilar is live with the latest for us. the president said meaningful yesterday. he even teared up. i was at the white house last night for a -- supposed to be a celebration but it was kind of somber and the president mentioned that at the christmas party the victims of this particular tragedy. what does he mean by meaningful? >> reporter: meaningful action, actually, we don't know. what we do know and this is the sense i'm getting is that he does mean something, that he does actually mean that some action should be taken but in terms of the specifics, don, we don't know what they are. and this is the sense i'm getting that this is a general promise to pursue something to try to avert future tragedies like this one. the sense here at the white house is that the president has sort of experienced with the country almost a handful now of these tragedies between ft. hood, between the shooting of congresswoman gabby giffords, the sikh temple shooting that you m
. >>> president obama promising to take what he calls meaningful action to prevent tragedies like this from happening again. brianna keilar is live with the latest for us. the president said meaningful yesterday. he even teared up. i was at the white house last night for a -- supposed to be a celebration but it was kind of somber and the president mentioned that at the christmas party the victims of this particular tragedy. what does he mean by meaningful? >> reporter: meaningful...